Feb 2023: UMFO commissioned a study from The University of Minnesota Duluth Bureau of Business and Economic Research – Labovitz School of Business and Economics. The findings on the Economic Impacts of the Content Industry in Northern Minnesota and the results are impressive.
The study considered the 2022 regional St Louis County incentive and found that for every dollar of incentive money spent, an additional $2.19 was directly spent. Further, the study shows that for each $1 of incentive money, there is a $6.90 return on investment and that this return indexes higher than many other industries.
The report can be found HERE